Cameco Corporation $CCJ Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Cameco Corporation by 10.2%, owning approximately 2.46 million shares valued at $101.15 million as of the latest SEC filing.
• Several institutional investors, including Vanguard Capital and Kayne Anderson, have also raised their positions in Cameco, reflecting a growing interest in the company, which is now 70.21% owned by institutional investors.
• Cameco's stock is rated as a Buy by multiple analysts, with an average target price of **$83.32**, while the company reported earnings of $0.51 per share for the last quarter, beating estimates.

Federation des caisses Desjardins du Quebec raised its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 10.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,461,263 shares of the basic materials company's stock after acquiring an additional 228,148 shares during the period. Federation des caisses Desjardins du Quebec owned approximately 0.57% of Cameco worth $101,154,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in Cameco by 215.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company's stock worth $83,636,000 after acquiring an additional 1,387,797 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. Nuveen LLC purchased a new position in shares of Cameco in the first quarter valued at $29,290,000. AGF Management Ltd. grew its holdings in shares of Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock valued at $166,206,000 after purchasing an additional 644,413 shares in the last quarter. Finally, Covea Finance lifted its position in Cameco by 52.8% in the first quarter. Covea Finance now owns 1,665,979 shares of the basic materials company's stock worth $68,572,000 after buying an additional 575,393 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. National Bankshares reiterated an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Tuesday. UBS Group restated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. The Goldman Sachs Group lifted their price objective on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada lifted their price objective on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Cameco has a consensus rating of "Buy" and a consensus price target of $83.32.

Cameco Stock Down 0.6%

Shares of CCJ stock traded down $0.46 during trading hours on Friday, reaching $75.85. 2,480,601 shares of the company's stock were exchanged, compared to its average volume of 3,650,273. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $83.02. The stock has a market cap of $33.02 billion, a PE ratio of 87.18 and a beta of 1.04. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average price is $75.64 and its two-hundred day moving average price is $58.73.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Research analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.